Wealth Creation with BTC

Mining costs

When does bitcoin mining become non profitable?

F2Pool a China-based crypto mining pool posted a company-branded infographic on September 6th that shows at what minimum price points the mining of various cryptocurrencies becomes unprofitable. Bitcoin dropping below 5376 US$ and mining on antminer T9 would not be profitable any more. In case of the antminer T7 break-even would occur at 11.581 US$. The T 2 meanwhile still will be profitable at below 4000 US$.

Advantages on bitcoin trade are on the next page bitcoin has many advantages.

We should not forget that wages, electrity, taxes and other factors have a great influence, in % depending on the country up to 50% of the cost is derived from accompanying costs.

Below is the list of the different price levels for major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC)

>

Mining and energy.

The Economist this week estimated that global Bitcoin mines now consume the same amount of energy as the country of Ireland.

Thou shall not ignore Moore's Law

The first technical challenge can be described as the thermal barrier. Simply adding more transistors and building massive chips with billions of transistors delivers more performance, but cooling these chips becomes troublesome and impractical. At the same time efficiency becomes an even bigger problem.

As an emerging field of IC design, bitcoin mining ASICs have experienced rapid evolution over the past two years. However, they cannot keep evolving and developing at the current rate. A number of technical limitations and Moore's Law simply cannot be overcome even by the world's foremost chip designers and foundries.

The same issues apply to multibillion dollar chipmakers like Intel, Qualcomm, Nvidia, AMD and various ARM partners such as Samsung, MediaTek and Apple. On the next page you can read about it. It is important to know how Bitcoin works, know how bitcoin is mined.